Guideline Value for BHARATHIAR STREET (WARD-20)

Bharathiar Street (Ward-20) guideline value

The current guideline value of Bharathiar Street (Ward-20) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bharathiar Street (Ward-20) has changed

The guideline value of Bharathiar Street has seen several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft. This figure decreased to Rs 670 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, which is a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Bharathiar Street for the years 2002, 2003, and 2007. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Bharathiar Street's 2024 figure above this median.

• Bhagatsingh Street (Ward-21): Rs 660 per sq.ft (2024)
• Bhaarathidasan Street (Ward-20): Rs 881 per sq.ft (2024)
• Bharathi Street (Ward-21): Rs 660 per sq.ft (2024)
• Bhuvaneswari Amman Nagar (Ward-21): Rs 660 per sq.ft (2024)
• Bajanai Koil Street (Ward-21): Rs 660 per sq.ft (2024)
• Bajanai Koil Street Vallancheri (Ward -1): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiar Street (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000. Together, these fees would total Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiar Street (Ward-20)?

The Sub Registrar Office that covers Bharathiar Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thailavaram

The guideline value plays a crucial role during the registration of property transactions in Thailavaram. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. This ensures transparency and helps in the smooth processing of property registrations.

Frequently asked questions

What is the current guideline value of Bharathiar Street (Ward-20)?

The current guideline value of Bharathiar Street (Ward-20) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has undergone several changes, starting from Rs 1,000 per sq.ft in 2012, decreasing to Rs 670 per sq.ft in 2017, then rising to Rs 1,000 per sq.ft in 2023, and finally reaching Rs 1,100 per sq.ft in 2024.

What is the land classification of Bharathiar Street (Ward-20)?

Bharathiar Street (Ward-20) is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 99,000.

Where can I find the Sub Registrar Office for Bharathiar Street (Ward-20)?

The Chengleput Joint II Sub Registrar Office covers Bharathiar Street (Ward-20) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.